In the first round of bidding for August, Certificate of Entitlement (COE) premiums climbed across all categories. Premiums for Cat B and Cat E are now at $126,889 and $126,201 respectively. Both premiums are now at record highs.

The rise in premiums this session could be due to the fact that a total of three weeks stretches between this session and the last. This could also explain the increased number of bids submitted this session compared to the last.

Get data on past COE bidding exercises at our COE bidding results page.

Cat A COE - Nearly back to the $100,000 mark

Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, or electric vehicles with a power output of up to 110kW, rose by a total of $4,279 (4.5%) to hit $99,499. Premiums for Cat A hit $103,721 in April 2023, before dipping down after the LTA announced a one-time increase to the COE supply.

This new climb takes premiums for the category to 10.9% above the 12-month trailing average. The total number of bids submitted this session exceeded the number of successful bids this round by 50%, significantly higher than the 12-month average of 38% for the category.

Cat B COE - Climbing to new records

Premiums for Cat B, for larger cars with more than 130bhp or engine displacements larger than 1,600cc, or electric vehicles with a power output of more than 110kW, climbed by a total of $8,888 (7.5%) this session to reach $126,889. This new premium is higher than the previous record of $121,00 set in June 2023.

This climb takes premiums for the category to 12.9% above the 12-month trailing average. The total number of unsuccessful bids this round exceeded the quota available by 81%, far higher than the 12-month average figure for this category of 39%.

Cat C COE - Holding steady

Premiums for Cat C, for goods vehicles and buses, climbed this session by $99 (0.1%) to close at $82,100. The number of unsuccessful bids this round exceeded the available quota by 82%, lower than the 12-month average for this category of 113%.

Cat E COE - Also reaching new records

Premiums in Cat E, the open category, rose a total of $4,091 (3.4%) this session. The new rise brings the current premium for the category to $126,201. This is higher than the previous record of $125,000 which was set in May 2023.

This increase brings current premiums for the category to 9.8% above the 12-month trailing average. The number of unsuccessful bids this round exceeded the available quota by 69%. The 12-month average for this figure for the category is now 86%.

Prevailing Quota Premium

The Prevailing Quota Premium is the amount to be paid for COE renewal and is computed from the moving average of the previous three-months of COE prices. Those looking to renew the COE on their cars will thus have to pay the following prices for the respective months.

If you're looking for a fuss-free option to renew your car's COE, Sgcarmart provides free COE renewal advice, which includes loan sourcing and all paperwork.

✅ Advice and tips on COE renewal 
✅ Complimentary Pre-COE Car Inspection 
✅ COE renewal loan quote comparisons 
✅ Interest Rate typically starts from 2.88% 
✅ 100% PQP Financing 
✅ Settlement of entire COE renewal paperwork